Markets

US trade deficit in July hits widest point in 12 years

Summary List Placement The US trade deficit in July swelled to its greatest gap since the 2008 financial crisis, the Commerce department reported Thursday. The US trade deficit, or gap between imports and exports, widened nearly 19% to $US63.6 billion in July from $US53.5 billion in June, according to the […]
US trade deficit in July hits widest point in 12 years
Markets

‘The market is ahead of the fundamentals’: Billionaire investor Leon Cooperman says stocks are overvalued, especially considering the huge increase in debt

Billionaire investor Leon Cooperman told CNN in a Monday interview that the stock market is overvalued, and that he’s worried about the huge increase in national debt. “The China relationship deteriorating, the tremendous increase in debt in the system, certainly from the election, the virus issues,” are risks that could […]
‘The market is ahead of the fundamentals’: Billionaire investor Leon Cooperman says stocks are overvalued, especially considering the huge increase in debt
News

Trump’s trade deal with China looks designed to implode

Trump’s trade deal with China is so weak it looks like it’s designed to implode. The language in the deal leaves a lot of room for argument, it’s not hard to leave and, the enforcement mechanism turns every dispute into a game of political football. Plus, no one in Washington […]
Trump’s trade deal with China looks designed to implode
Markets

South Korea accuses Japan of treating it like a ‘hostile nation’ after it was officially downgraded as a trading partner amid escalating tensions

Japan officially downgraded South Korea from its whitelist of preferred trading partners on Wednesday. This means that Japanese exporters of technology-related goods now have to go through extra screening for each contract. South Korea’s deputy national security adviser accused Japanese Prime Minister Shinzo Abe of treating South Korea like a […]
South Korea accuses Japan of treating it like a ‘hostile nation’ after it was officially downgraded as a trading partner amid escalating tensions
Markets

Trump just threw an event for American manufacturers from each state — but it left out the countless others that are struggling with his new trade policies

Speaking at a “Made in America” showcase on the White House South Lawn on Monday, Trump said his administration is “restoring our economic independence and reawakening our industrial might.” But other businesses across the country have grown frustrated at protectionist policies that have come to shape the Trump presidency, including […]
Trump just threw an event for American manufacturers from each state — but it left out the countless others that are struggling with his new trade policies
News

‘No bluff!’: Trump slams Chuck Schumer for criticising his Mexico tariffs as he faces the prospect of a Republican revolt

President Donald Trump mocked Senate Minority Leader Chuck Schumer and denied the Democrat’s assertion that his proposed tariffs against Mexican imports are merely a bluff. On Tuesday, Schumer suggested the tariffs were just another sign of Trump’s penchant for political showmanship. Trump, who is conducting a three-day state visit of […]
‘No bluff!’: Trump slams Chuck Schumer for criticising his Mexico tariffs as he faces the prospect of a Republican revolt
News

Japanese PM Shinzo Abe met Xi Jinping in Beijing, and in an era of US tariffs and trade wars, you can bet everything Abe remembers the last time the US passed over Japan for China

Japanese Prime Minister Shinzo Abe, whose grandfather was PM when the US isolated Japan from China, arrived in Beijing last week for a three-day state visit. This was Japan’s first formal bilateral summit with Chinese leaders since 2011 and the first in an era of US regional uncertainty under the […]
Japanese PM Shinzo Abe met Xi Jinping in Beijing, and in an era of US tariffs and trade wars, you can bet everything Abe remembers the last time the US passed over Japan for China